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CAD/MXN - Convert Compare Save

Canadian Dollar to Mexican Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Canadian Dollar to Mexican Peso exchange rate, has news, forecasts and CAD to MXN comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

CAD/MXN Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

CAD to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN($)Exchange RateFee CADTotal CostDeal Links
OFX logo
142,600 MXN
Best Overall
14.260^1.94%
HSBC logo
139,690 MXN
2,910 MXN
13.99C$153.94%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
138,600 MXN
4,000 MXN
14C$1004.69%
Scotiabank logo
138,501 MXN
4,099 MXN
13.99C$1004.76%
TD Canada Trust logo
138,501 MXN
4,099 MXN
13.99C$1004.76%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
138,462 MXN
4,138 MXN
13.96154.78%
Royal Bank of Canada logo
137,016 MXN
5,584 MXN
13.84C$1005.78%
 
OFX: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:14.26 (1.94% from mid-rate)
MXN amount:142,600 MXN
Total Cost:1.94%
Time:
Rate Fetched: Mon Jul 22 2019 16:05:03 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:C$15 CAD (.15%)
Exchange Rate:13.99 (3.8% from mid-rate)
MXN amount:139,690 MXN
Total Cost:3.94%
Difference:
2,910 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:14 (3.73% from mid-rate)
MXN amount:138,600 MXN
Total Cost:4.69%
Difference:
4,000 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:13.99 (3.8% from mid-rate)
MXN amount:138,501 MXN
Total Cost:4.76%
Difference:
4,099 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:13.99 (3.8% from mid-rate)
MXN amount:138,501 MXN
Total Cost:4.76%
Difference:
4,099 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:13.81 (5.03% from mid-rate)
MXN amount:138,462 MXN
Total Cost:4.78%
Difference:
4,138 MXN less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:13.84 (4.83% from mid-rate)
MXN amount:137,016 MXN
Total Cost:5.78%
Difference:
5,584 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/22/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount MXN($)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
14,030 MXN
Best Overall
14.03$03.52%
Royal Bank of Canada logo
13,720 MXN
310 MXN
13.7205.65%
TD Canada Trust logo
13,580 MXN
450 MXN
13.5806.62%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
13,546 MXN
484 MXN
13.64C$106.85%
Scotiabank logo
13,338 MXN
692 MXN
13.61C$208.28%
Travelex Online CA: Travel Money CAD→MXN
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:14.03 (3.52% from mid-rate)
MXN amount:14,030 MXN
Total Cost:3.52%
Time:
Rate Fetched: 18:03 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→MXN
CAD amount:$1,000 CAD
Fee:
Exchange Rate:13.72 (5.65% from mid-rate)
MXN amount:13,720 MXN
Total Cost:5.65%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→MXN
CAD amount:$1,000 CAD
Fee:
Exchange Rate:13.58 (6.61% from mid-rate)
MXN amount:13,580 MXN
Total Cost:6.62%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→MXN
CAD amount:$1,000 CAD
Fee:C$10 CAD (1%)
Exchange Rate:12.72 (12.53% from mid-rate)
MXN amount:13,546 MXN
Total Cost:6.85%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→MXN
CAD amount:$1,000 CAD
Fee:C$20 CAD (Minimum fee)
Exchange Rate:13.61 (6.41% from mid-rate)
MXN amount:13,338 MXN
Total Cost:8.28%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 07/22/2019 - See full table

CAD to MXN interbank exchange rate = 14.5234

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on CAD/MXN exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

CAD and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs MXN, you should pay attention to the recent market trends for both currencies.

 

Canadian Dollar (CAD)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.

Why can't I just get the CAD/MXN market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / MXN was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates